INTERNATIONAL MONEY TRANSFER (IMT)
Africa has a huge diaspora population. Remittances from this segment of the population is a major source of cash for both national and household socio-economic development.
The latest data from the Central Bank of Kenya, for instance, indicates that Kenyans living and working abroad braved post COVID-19 blues to increase their remittances home by 10.7 percent to a record US$3,094 million last year (2020)!
When Africans working and are otherwise economically engaged abroad send money back home to their families, both sender and recipient need utmost assurance that the money so sent will be received fast, securely and with the sender having to foot an affordable fee.
We have innovated and come up with the right solutions to ensure that this objective is achieved on each transaction, each remittance. Our innovative solutions are seamlessly integrated with banking systems both internationally and in the recipient countries. This ensures that the money sent from abroad gets into the right bank account or mobile wallet, in real time, to power the growth of our continent and our people.
The PYCS IMT solution is currently operational in Kenya, Tanzania, Liberia and Ghana, offering payment integration of mobile transfers and bank transfers. Our IMT solution supports multiple transactions types under a single integration.
PYCS IMT COVERAGE
PYCS IMT solution is already offering payment integration of mobile transfers and bank transfers in 4 countries in Africa.
What Our Clients Say
They have developed our payment platform for corporates and SME’s. Pi
Consulting developed the interface between the banks, companies and the
employees receiving money through international remittances.
“It is a very nice, robust system which ensures that the average turnaround time for the companies for the payments is two minutes from the time of payment in the USA, UK to the time the money hits the beneficiary in Kenya. Over the last three years, using this system we have been able to move about KSh1 billion and make money”
“I like working with Pi Consulting, they have a knack for doing things simply but very well.”
Pi Consulting’s remittance system has allowed us to elevate our IMT partner’s experience as they can transfer money seamlessly into Kenya. We have seen a tremendous growth in our Diaspora remittances numbers and love the platform’s simplicity and the post implementation support from the team that has enabled us to shift our energies from constantly worrying about the platform and more on ensuring value for our customers.
“In 2017, UBA started working with Pi Consulting to provide a setup for our bulk payment system, which is the bank’s core digital product. The system is unique, and it gives us a good chunk of our revenues and so, it has influenced heavily on our revenues and improved our customer base and brand perception.
The product is also flexible, customizable to our individual and customer’s needs. We have worked with them closely to overcome human capital, service management or technical problems.
Pi Capital Ltd’s Micro Lending platform has simplified our operations by providing a fast and reliable system. We also appreciate their top-notch customer service in troubleshooting and resolving any system issues whenever they occur
Pi consulting powers our automated remittances platform and they are a reliable and efficient partner who takes into account the unique customer needs in our market. The partnership with Pi has ensured that we provide our customers with world-class services enabling them to send money fast and securely to mobile and bank accounts.
“Family Bank started working with Pi Consulting in 2020 on two products: bank payment (FamilyPay) and Diaspora remittances. They (Pi Consulting) are very flexible, innovative, supportive and understanding of the customer’s needs. Moreover, their solutions are one of the best, so far, in the market. The uptake on their bulk payment platform has also been on the upward trend with a month-on-monthly increase. At Family Bank, we are now able to do 5,000-6,000 transactions per month, serving about 170 corporate and business customers.